February 20, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/22/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/22/2019

Today, altcoin prices may reach yesterday’s lows.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/22/2019

Yesterday the bears pushed through support atlevel 230.00 USD and set the daily low at 217.00 USD. At the end of the day, the decline in the BCH price stopped, and buyers with timid purchases restored the price to the area of ​​​​the broken support. 

It was not possible to gain a foothold in this area, todayin the morning, the price continued to decline to yesterday's low. We believe that after updating the monthly minimum near the level of 23.6% Fibo (206.95 USD), some recovery of the pair is possible.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/22/2019

Yesterday's decline did not stop atsupport 61.8% fibo (51.38 USD), and continued to the area of ​​48.00 USD. At night the pair recovered a little, but sellers do not miss the initiative and continue to press. 

On a four-hour time frame, indicator linesStoch RSI has generated a confirmed buy signal. There is no hope for a significant recovery, but it is quite possible that the LTC price will return to the 61.8% fibonacci level. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/22/2019

Yesterday sellers increased volumes and pushedsupport 3.05 USD. The decline continued until the price rebounded from the low at 2.75 USD. At night, the recovery took place on small volumes and “stuck” around the 2.85 USD mark. 

In the morning, selling pressure will update yesterday'sminimum, but even a strong oversold market does not allow us to count on a reliable price recovery to the area of ​​2.90 USD. We believe that by the end of the week the EOS price can test the support of 2.50 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/22/2019
 

Yesterday the bears pushed through strong support atlevel 0.060 USD. Despite the fact that the November low was set at 0.057 USD, buyers were able to return the XLM price overnight to just above the support of 0.060 USD. 

In the morning the sellers did not want to give up the initiativebuyers and are trying to return the pair to yesterday’s low zone. We believe that after updating the minimum, at the beginning of next week, the pair will begin to recover to the area of ​​0.064 USD.